MOSCOW, April 8. /TASS/. Consolidated revenue of Sistema corporation under the International Financial Reporting Standards (IFRS) at the end of 2023 increased by more than 16% year-on-year and amounted to 1.05 trillion rubles ($11.45 bln), the company said in its financial report on Monday.

The company's OIBDA for 2023 amounted to 266.2 bln rubles ($2.9 bln) and its capital investments in 2023 amounted to 149.3 bln rubles (1.63 bln).

Sistema is a Russian investment company with a diverse portfolio of assets in areas including telecommunications, high technology, IT, e-commerce, timber processing, agricultural, real estate, tourism, pharmaceuticals, and medical services. The company was established in 1993.